Crude oil prices continued to decline in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, attempting to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, reaching EMA50’s support, accompanied by reaching main bullish trend line on the short-term basis, reinforcing the chances of its recovery on the near-term basis.

Gold declined in its recent intraday trading, after offloading its oversold conditions on the relative strength indicators, to enter exaggerated overbought levels compared to the price move, in a clear signal for losing bullish momentum, especially with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, with its trading alongside minor bearish trend line on the short-term basis.

The EURUSD price witnessed fluctuating trading on its recent intraday levels, after a short and cautious upside journey, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, to reach EMA50, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this path.

Dash (DASHUSD) price settled lower in its latest intraday trading after facing firm resistance at the key level of $47.70, alongside emerging negative signals from the Stochastic indicators after reaching extremely overbought levels, as the price takes profits from its previous gains and attempts to build positive momentum that could help it recover and break above this resistance, while continuing to trade above its 50-day SMA, which provides dynamic support and reinforces the stability and dominance of the main upward trend in the short term.

Therefore we expect the digital currency price to rise in its upcoming intraday trading, especially if it manages to break above the $47.70 resistance level, targeting the next resistance level at $55.00.

Today’s price forecast: Bullish